Independent Bank (Michigan) (IBCP) - Net assets

Net assets on the balance sheet as of June 2024 : S$0.56 B

According to Independent Bank (Michigan)'s latest financial reports the company has S$0.56 B in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Independent Bank (Michigan) - Net assets on balance sheet (from 2001 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$S$0.53 B	14.63%
2022-12-31	$S$0.46 B	-13.29%
2021-12-31	$S$0.53 B	4.36%
2020-12-31	$S$0.51 B	9.36%
2019-12-31	$S$0.47 B	1.97%
2018-12-31	$S$0.46 B	30.32%
2017-12-31	$S$0.35 B	-1.67%
2016-12-31	$S$0.36 B	1.37%
2015-12-31	$S$0.35 B	7.46%
2014-12-31	$S$0.33 B	12.73%
2013-12-31	$S$0.29 B	77.67%
2012-12-31	$S$0.16 B	24.27%
2011-12-31	$S$0.13 B	-13.4%
2010-12-31	$S$0.15 B	-0.6%
2009-12-31	$S$0.15 B	-44.91%
2008-12-31	$S$0.28 B	-19.41%
2007-12-31	$S$0.34 B	-12.16%
2006-12-31	$S$0.39 B	-4.23%
2005-12-31	$S$0.41 B	21.72%
2004-12-31	$S$0.33 B	23%
2003-12-31	$S$0.27 B	15.26%
2002-12-31	$S$0.23 B	-1.9%
2001-12-31	$S$0.24 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Mercantile Bank MBWM	S$0.69 B	24.67%	🇺🇸 USA
Macatawa Bank MCBC	S$0.38 B	-31.94%	🇺🇸 USA
1st Source SRCE	S$1.45 B	158.99%	🇺🇸 USA
Huntington Bancshares HBAN	S$25.48 B	4,444.68%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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